Hero MotoCorp saw a drop in retail sales after demonetisation

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Nation's biggest bike producer Hero MotoCorp today reported a 12.86% fall in deals at 4,79,856 units in November.

The organization sold 5,50,731 units in November 2015, Hero MotoCorp said in a BSE filing.

The organization said it saw a drop in retail deals after the demonetisation initiative when the whole business saw decline in sales.

"With a slew of measures being implemented by the government and several initiatives immediately undertaken by Hero MotoCorp to support its dealers and consumers, the company expects the situation to steadily improve," it included.